DURBAN - STEINHOFF International said its subsidiary Pepco Group has set a price of e8.80 a share for its listing on the Warsaw Stock Exchange and values the company at €5 billion .
“In addition, Steinhoff has granted the stabilisation manager, on behalf of the banks, an over-allotment option up to a maximum of 12.06 million existing shares,” Steinhoff said. “Our group operates in the attractive European discount retail sector, and with our three market-leading brands – Pepco, Dealz and Poundland – we are extremely well positioned to take advantage of the enormous growth opportunities in front of us,” Bond said.
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